Phnom Penh Market Flooded by Smaller Condo Units
Traditionally, Cambodians prefer property at ground level. However, the increased security and lower maintenance costs of condominiums is causing their attitudes to shift. The real estate market in Phnom Penh is going through a very big shift with significant focus on condominiums and serviced apartments, with fewer office buildings and hotels, and a limited number of retail centres being built...
Read MoreTa Khmao’s Condo Towers to Break Ground in 2018
Construction of the luxury twin condominium towers of Center City Takmao complex will kick off in early 2018, following the completion of the commercial shop houses and other commercial buildings in late 2017. Located just 15km south of Phnom Penh along the Tonle Bassac riverfront, construction on the USD150 million complex has sped up on its 68 commercial shop houses which has resulted in over...
Read MoreGarden Taking Root in Modern Lifestyles
As lifestyles and living environments become ever more sophisticated, Sokea Garden aims to be the leading local botanic decoration expert working to international standards. Maslow’s human need theory argues that after fulfilling their basic needs such as shelter, food, and clothes, people seek comfort and entertainment and a similar trend can now be seen emerging in Cambodia as increasingly af...
Read MoreGenerating Positivity for the Real Estate Market
Many people are feeling the pressure and fearing for a collapse of the real estate industry in the near future. This fear is not necessary. Being careful and considering before investing or buying real estate is not a bad thing, but even when the market is strong you should still do the same. One thing is sure: we need housing for an ever growing population in the world as well as in Cambodia. ...
Read More3rd CCA Building Expo to be Hosted on 1 – 3 December
The 3rd Cambodia Construction Industry Expo 2016, which will showcase dozens of leading global and local building and property brands, is scheduled to be hosted on 1-3 December, 2016 at Phnom Penh’s Diamond Island Exhibition and Convention Center, Cambodia. Organised by the Cambodia Constructors Association (CCA, which represents constructors in Cambodia, the expo will feature some 300 booths a...
Read MoreMyanmar to host 42nd ACF Summit in November
After being admitted as the 8th member of the ASEAN Constructors Federation (ACF) earlier this year, Myanmar will chair the 42nd ACF Council Meeting in Yangon on 17-19 November 2016.a The Myanmar Construction Entrepreneurs Association (MCEA), which represents the building industry in Myanmar, is now preparing to chair the upcoming 42nd ACF Council in Yangon. The association’s admission into the...
Read MorePixelated Tower Now Thailand’s Tallest
A soaring 314m multi-use development in Bangkok’s CBD, dubbed the ‘Pixelated Tower’, has become the tallest building in Thailand. The 77-storey, 150,000 sqm MahaNakhon tower will host 200 serviced apartments, a retail centre with restaurants and cafes, a 150-room boutique hotel and a rooftop Sky Bar. It will also have a direct link to the Chongnonsi Skytrain station. According to the German ...
Read MoreSpectacular glass bridge closed after just two weeks
Massive numbers of visitors forced the closure of the world’s longest glass bottomed bridge in China, just 13 days after it made global news with its opening. Authorities claimed that the spectacular bridge had been closed on 2 September because demand was ten times higher than the 8,000 visitors per day permitted. However, they also admitted that urgent structural upgrades were required. At...
Read MoreHeavy-duty drone ideal for construction unveiled
A Japanese company has unveiled the world’s first drone capable of lifting objects weighing up to 10kgs. The machine has clawed arms which can lift heavy objects and perform operations that such as cutting through cables and flipping switches. According to the manufacturer Prodrone, the PD6B-AW-ARM is designed to conduct “hands-on” tasks in “places where it would be too dangerous for humans”, i...
Read MoreIndonesia asks Japan to build new rail link
Indonesia has rejected competitive tendering and offered Japan the opportunity to build a USD3 billion rail link connecting Jakarta to Surabaya. The request to Japan to build the 786km railway, which came in a direct letter to Tokyo, follows a bitter and failed bidding contest with China earlier in the year over building Indonesia’s first high speed rail link between Jakarta and Bandung. The...
Read MoreAsia-Pacific driving demand for construction machinery
Recent research by Stratistics MRC shows that the fast-developing economies in the Asia-Pacific region are driving record demand for global heavy construction equipment. Their report ‘Heavy Construction Equipment Global Market 2015-2022’ shows that while the market was valued at USD116.48 billion in 2015, they expect to see a compound annual growth rate (CAGR) of 7.34 percent to reach USD191.34...
Read MoreLaos rail project brings Singapore link closer
China’s planned rail link stretching all the way south to Singapore took a step closer in September when China Railway Group (CRG) won a USD1.2 billion contract to build a large section of railway through neighbouring Laos. The contract, with subsidiaries of CRG, covers the first three sections of the 414km Boten-Vientiane Railway Project which will eventually run north from Boten in China to V...
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